CHERRY HILL, N.J., March 1 /PRNewswire/ --
inTEST Corporation (Nasdaq: INTT) today announced fourth quarter and year-end
results. Net earnings for the quarter ended December 31, 1999 were a record
$2.1 million or $.31 per diluted share compared with a loss of $362,000 or
$(.06) per diluted share for the comparable period in 1998. Net earnings for
the quarter ended December 31, 1999 increased $747,000 or 56% over net
earnings for the quarter ended September 30, 1999. The following is summary
financial information for the periods ended December 31, 1999 and 1998:

inTEST Corporation had record net revenues of $13.1 million for the
quarter ended December 31, 1999, an increase of $3.0 million or 30% over the
September 30, 1999 quarter. The growth in both net revenues and net earnings
reflects the current industry-wide strong market for automatic test equipment,
demand for which has shown significant quarter-to-quarter increases throughout
1999. For the twelve months ended December 31, 1999, net revenues of the
Company (including the net revenues of its TestDesign division which was
acquired on August 3, 1998) were a record $34.5 million, an increase of
$15.4 million or 81% over the comparable prior period. The growth in net
revenues in 1999 over 1998 excluding the net revenues of TestDesign were
$8.7 million or 49%. Net earnings for 1999 were $4.1 million, an increase of
$2.2 million or 112% over the 1998 period. Excluding TestDesign, net earnings
increased $1.4 million or 60%.

Robert E. Matthiessen, President and CEO said, "We are quite pleased with
the record results for both the quarter and the year. During this extremely
busy period for us, we have taken steps to increase productivity and decrease
turn-around time. Improvements in our manufacturing methods and systems are
currently being implemented in our largest manufacturing plant located in
Cherry Hill. Our TestDesign product division has moved into a larger and
improved facility. We have recently completed the renovation of our UK
manufacturing facility to provide for the installation of new production
equipment, and our manufacturing operation in Singapore, launched in the third
quarter of 1999, is now fully operational. All of these accomplishments are
designed to improve our ability to operate efficiently at the ever-increasing
levels of business we are encountering. While demand for the Company's
products continues to be strong around the world, it appears that the
significant quarter-over-quarter growth achieved in 1999 will be flattening
out in 2000. However, we still believe that the basic underlying factors
driving semiconductor equipment demand are healthy and we are planning
accordingly," concluded Mr. Matthiessen.

inTEST Corporation is a leader in providing test head positioning and
connection apparatus to the global semiconductor manufacturing community. The
Company's products improve the utilization and cost-effectiveness of automatic
test equipment required in the manufacture of integrated circuits.
Headquartered in Cherry Hill, New Jersey, the Company has manufacturing
facilities in New Jersey, California, the UK and Singapore and design, sales,
service and support offices in New Jersey, California, Texas, Arizona, Oregon,
the UK, Japan and Singapore.

Certain matters in this news release are forward-looking statements which
are subject to risks and uncertainties that could cause actual results to
differ materially from those projected. Such risks and uncertainties include,
but are not limited to, a decline in the demand for semiconductor devices,
changes in rates of capital expenditures by semiconductor manufacturers,
progress of product development programs, costs associated with the
integration of acquired operations, and other factors set forth in the
Company's SEC filings, including its Form 10-K filed for the year ended
December 31, 1998.

There will be a conference call hosted by management on Wednesday,
March 1, 2000 at 5:30 p.m. EST. This call will be broadcast live on the
Internet and can be accessed through www.vcall.com. It is recommended that
participants register at least 10 minutes prior to the broadcast. The call
will be archived for 30 days.